Everything is in price

Indigo: Dare to fly?

They say everything is priced in and many a time, how true it is. Let's see what's in store this time.

So the stock in question is falling past six months or so and now results are out for quarter ending June 2018.

Sure they didn't look good and market gave another slap to this already beaten down guy. As expected, it opened GAP down on 31st July 2018.

An interesting thing happened during the day, a tussle between the sellers and buyers (hopeful/value seekers/informed)? As a result at EOD (end of the day), we had a DOJI candlestick.

Now before we go any further, there must be a question in your ever curious mind.

Why RB has written a post on this stock?

Kindly read on:

Something prodigious caught my eye and I thought of sharing the same.

In the world of candlestick patterns, there is one known as 'Abandoned Baby'. It can be both bullish/bearish. Prior trend before the occurrence of this is of utmost relevance.

In simple terms, if the prior trend was bullish i.e. stock was going up and Abandoned Baby happens its considered bearish for the stock and vice versa. It a trend reversal scenario.

In the above picture, you can see four things:

1. The prior trend is down
2. GAP DOWN candlestick on the second day
3. GAP UP candlestick on the third day
4. NO overlap between candles in the box, clear gap present

Now here is the Daily TF chart of INDIGO

You can see in the above chart few similarities which point towards a probable setup of:

Abandoned Baby Bullish

Notes are mentioned on the chart, compare with the textbook example posted above.

Nowhere I am having any bias (positive/negative) towards this stock, all the more am curious to see how things shall unfold.

There is a small caveat here between the textbook example and real scenario. What's that? That's for you to tell me ;)

So, tell me Indigo, do you surrender with clipped wings or would you dare to fly again?

Cheers!!

Who is the ruler of my life? YOU

We live for others (not in a positive way). It's sad yet true. 

As a person, I see people are losing out on one of the basic ingredients of life: TRUE happiness to self.

Let me try and explain my view through two instances, recently happened in my life.

First instance

A few days back, I went to a QSR and a lady ahead of me ordered a 'Soft Serve Cone'. Sure, a great choice, considering being in an oven during summers of Delhi.

As she left for her seat, I being next in line placed my order. A few minutes later, my stuff came in and I headed to my table.

Sheer chance, me and that lady had opposite tables. I couldn't help but notice, she had her cone in one hand and mobile in other. All she was interested in clicking selfies with all sorts of face gesture wth ice cream cone in the frame.

I was amused, boy I was. She used to click a few in a burst, check those pics and seemingly not satisfied, start all over again, while yet to have a taste of that humble ice cream.

This continued for a while, till I think she managed to click what she was looking for. 

Then started the next innings of the experience. I am sure, she must have posted the 'desired' pic on some social media as replies started poping in. The look and happiness on her face was telling me, she is being 'liked' on the social platform.

Again to remind you all, the ice cream more or less had given away. It was half melted and clearly she had lost her interest in it, or rather, she never had any interest in it to begin with.

A few points:

• She got herself a product to enjoy OR she only wanted it to 'show' people that she is enjoying it.

• Which is more relevant here, to give oneself pleasure of having an ice cream in scorching heat OR to pretend having one to score some 'likes' and 'wows'. Where is TRUE happiness?

Second instance

A close relative with his family went for a forgien holiday. Nice choice again, a getaway to cool Europe during Indian summers is always pleasant.

As I know this guy quite well, I wasn't sure if he can afford this 20 day overseas holiday. Here I want to stress, having money and affording to spend on something are two very different things.

Anyway, I am sure everyone knows best about their life. However, when people tend to overlook the responsibilities and give in to peer pressure, that's where derailing starts.

In the society of 'pretendence' where most of us live in, peer pressure makes you live stupid and makes you an idiot.

As their holiday progressed, I saw numerous pics of them having expensive whiskeys, shopping bags of various malls. Meals at finest of places.

Again, I couldn't help but ask myself ( I know I am a moron) Are they doing this to make themselves happy OR they want to show how happy they are? There's a world of a difference between these two.

Once I asked, whats the rationale behind sharing pics of expensive labels on WA and other social media? I was told, as their friends put such pics everytime they have kitty parties or get together, this is their way to tell the crowd that 'we have raised the bar'. In a way, you are not sharing your happiness but promoting the element of 'ENVY ME'.

As he got back after a 'satisfying holiday' and we met over drinks, just after 2nd one, he started brooding 'bahot kharcha ho gya bhai, itna to socha hi nahi tha' (Too much money spent brother, never thought of).

This is what I was refering to: Having money vs affordibility.

In a nutshell, most of us live a fake life and in process have abandoned the inner self. Two ends of the spectrum, a ₹25 desert to ₹5 Lac holiday make a part of it.

Amazing, just amazing. I simply bow to this life of pretendence where every step taken crushes beneath your own desires and kills the very basic element of happiness.

Thank you uparwale, for making me what I am, A MORON.

Thank you for your time.

Cheers!!